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New South Carolina Tax Credit to Incentivize Expanding Trail System

Cherry Bekaert

Contributor: Nick Cousino, Senior Manager A new South Carolina tax credit that encourages private parties to expand the state’s ever-growing trail system went into effect May 13. A taxpayer allowing for a six-foot wide trail for two miles may be eligible to claim an income tax credit of $6,336.

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Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’

CPA Practice

In January, the state’s Commonwealth Court ruled that the 3% tax requiring visiting athletes like the Cleveland Browns’ Myles Garrett and entertainers like Taylor Swift to pay for the use of public facilities set different rules for residents and nonresidents and thereby violated the state constitution. million in revenue from the tax.

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Colorado Set to Join IRS Direct File Program in 2026

CPA Practice

By Nick Coltrain The Denver Post (TNS) Coloradans will soon be able to file their federal income taxes directly online for free under a program created by the Inflation Reduction Act. Filing taxes is no fun. The study was cited by Gov. Jared Polis’ office when announcing the change this week. ©2024 MediaNews Group Inc.

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Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’

CPA Practice

In January, the state’s Commonwealth Court ruled that the 3% tax requiring visiting athletes like the Cleveland Browns’ Myles Garrett and entertainers like Taylor Swift to pay for the use of public facilities set different rules for residents and nonresidents and thereby violated the state constitution. million in revenue from the tax.

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New Missouri Tax Credit Incentivizes Businesses to Hire Interns and Apprentices

Anders CPA

This law provides an income tax credit for taxpayers who hire an intern or apprentice who is paid at or beyond the minimum wage. The DED will establish the procedure for claiming the tax credit and will certify eligible applicants to the Missouri Department of Revenue.

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Detailed Insight of Section 74A of CGST Act, 2017| Common Provisions for Fraud and Non-Fraud Cases Under GST Law

VJM Global

However, to streamline the assessment proceedings for cases of fraud and other than fraud, in line with recommendations of the GST Council in the 53rd GST Council meeting , the Union Budget has proposed to introduce new Section 74A in Central Goods and Service Tax Act, 2017 which shall replace the Section 73 and Section 74 from FY 2024-25 onwards.

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Detailed Insight of Section 74A of CGST Act, 2017| Common Provisions for Fraud and Non-Fraud Cases Under GST Law

VJM Global

However, to streamline the assessment proceedings for cases of fraud and other than fraud, in line with recommendations of the GST Council in the 53rd GST Council meeting , the Union Budget has proposed to introduce new Section 74A in Central Goods and Service Tax Act, 2017 which shall replace the Section 73 and Section 74 from FY 2024-25 onwards.

Tax 52